Airbus Profits Halve Following Delivery Delays
Airbus reported a steep profit drop during the first three months of the year. Aircraft deliveries for the company slowed to their lowest levels since 2009. Airbus ADRs were trading down by 2.5% following the report. WTI crude was trading at $99.80, up 3.5%, while Brent crude was at $11.18, up 2.7%. The European aircraft manufacturer attributed the drop to low commercial aircraft deliveries. Despite the profit decline, the company maintains a full order book with over ten years of production at current rates. This follows a period where competitor Boeing reported record deliveries. Airbus reported that its adjusted earnings before interest and taxes halved to 300 million euros compared to the previous year. The aircraft manufacturer stated in Toulouse that revenue fell by 7 percent to under 12.7 billion euros.
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Sources · 7 independent
“Airbus suffered a steep profit drop in the first three months of the year as aircraft deliveries slowed to the lowest since 2009.”
“the lowest since 2009. ADRs of Airbus down now by 2.5%. percent.”
“bénéfice d'exploitation chuter fortement au premier trimestre, l'avionneur européen a annoncé aujourd'hui. ses résultats pénalisés au premier trimestre par de faibles livraisons d'avions commerciaux”
“Das bereinigte Ergebnis vor Zinsen und Steuern hat sich gegenüber dem Vorjahreszeitraum halbiert auf 300 Millionen Euro wie der weltweit größte Flugzeughersteller gestern Abend in Toulouse mitteilte.”
“Das bereinigte Ergebnis vor Zinsen und Steuern hat sich gegenüber dem Vorjahrszeitraum halbiert auf 300 Millionen Euro wie der weltweit größte Flugzeughersteller gestern Abend in Toulouse mitteilte.”
“De winst is meer dan gehalveerd. Ze wisten een stuk minder vliegtuigen af te leveren dan een jaar terug. Ze waren er problemen met de leverancier van hun motoren, Pratt en Whit.”
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